| Loan Type | Term Loan |
| Finance Amount | 2 Lacs to 20 Lacs |
| Tenure | 12 months to 36 months* |
| Up Front Margin | Upto 20% Contributions |
| Repayment | Repayment in equated monthly installments. |
| Constitution of Borrower | Proprietorship, Partnership, Private or Public Ltd. Company. |
| Vintage | >3 years |
| Age Criteria | Min- 21 Years Max – 60 years (on maturity of Loan) |
| Guarantor & SPDC | Personal Guarantee from proprietor, partners in partnership firm and share holder directors in private or public limited company to be taken. Personal Guarantee of spouse in case of proprietorship Security PDC for the loan amount from borrower and guarantor. |
| EMI per Lakh | ₹4802 per lakh for a period of 24 months* ₹3420 per lakh for a period of 36 months* |
| Management Fee | 1.5% of loan amount |
| Asset Insurance | Mandatory to be taken by lender only |
| Life Insurance | On a case to case basis |
| Other Charges | As per Lender’s policy |
| Security | Asset purchased out of the loan will be exclusively charged to the Lender. Other collateral may be required on a case to case basis |
* Finance Amount, EMI, Interest Rate & Tenure are subject to the CIBIL score that needs to be validated and approved by the applicant. Loan is at the sole discretion of Lender.
• KYC Documents
• Res proof of Promoter - MSEB bill/Tax receipt/Rent Agreement.
• Pan card copy of Promoter/Spouse
• Business Address proof - Rent Agreement/MSEB BILL.
• Business Proof
• Shop Act License/ SSI
• Audited / CA Certified balance sheet for last 3 years with all schedules and ITRs and tentative balance-sheet.
• Bank statement of firm (if cc then sanction letter of cc)
• Existing machine details
• Proforma Invoice
• KYC Documents
• Res proof of all partnership- MSEB bill/Tax receipt/Rent Agreement.
• Pan card copy of all partner./ Firm ( If available)
• Business Address proof - Rent Agreement/MSEB BILL.
• Business Proofs
• Shop Act License/SSI/ GST certificate.
• Partnership Deed & Registration certificate for Partnership Financials last 3 yrs.
• Audited / CA Certified balance sheet for last 3 years with all schedules and ITRs/Tentative Balance-sheet.
• Individual IT returns of all Partners last 2 years.
• Bank statement of firm last 12 months, •
• Individual banking of all partners last 3 months. (if cc then sanction letter of cc).
• Existing machine details.
• Audited / CA Certified balance sheet for last 3 years with all schedules and ITRs /Tentative
• Balance-sheet
• Bussiness address proof - MSEB BILL/Rent Agreement & Shop act copy MOA & AOA Copy
• Copy of Bank statements for last 6 months. ( Firm)
• If CC a/c then sanction letter of CC Photo Identity proof of all directors-Copy of PAN Card / Driving License / Passport / Voters ID)
• Address proof of all directors(Copy of Electricity Bill/ Telephone Bill / Driving License / Passport)
• Existing machine details
• If any loans then sanction letter & repayment of Same
• Proforma Invoice copy